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S&P/ASX 200 flat at lunch but still on track for its sixth straight week of gains

Online electronics retailer Kogan is in its 12th straight week of gains and is up 62% in 2020.

De Grey Mining Limited - S&P/ASX 200 flat at lunch but still on track for its sixth straight week of gains
Aussie market has kicked off the session lower for the first time this week

S&P/ASX 200 (INDEXASX:XJO) is trading 1 point or 0.023% down to 5990 at 12.48 pm but is still up +4% so far this week and is on track for its sixth straight week of gains.

The S&P 200’s drop follows the US share markets which were mixed on Thursday ahead of Friday's jobs report. Investors are also awaiting plans for the next round of US economic stimulus.

Top gainers on ASX today include Talisman Mining Ltd (ASX:TLM) (+12.24%), Rimfire Pacific Mining NL (ASX:RIM) (+16.67%), Canyon Resources Ltd (ASX:CAY) (+11.11%), Ironbark Zinc Limited (ASX:IBG) (+33.33%), De Grey Mining Limited (ASX:DEG) (+23.75%) and Brookside Energy Ltd (ASX:BRK) (+14.29%).

Proactive news headlines:

Technology Metals has $2 million raising backed by major Tinci Materials shareholder

Technology Metals Australia Ltd (ASX:TMT) has received commitments for a fully subscribed placement of up to 13.66 million shares at 15 cents per share to raise approximately $2.049 million before costs. The company is pleased with the continued support of strategic domestic and international investors and welcomes an initial investment by Mr Xu Jinfu, chairman and major shareholder of Guangzhou Tinci Materials Technology Co Ltd. Tinci Materials is a leading manufacturer and marketer of battery materials.

Talisman Mining will start diamond drilling this month at Lucknow Gold Project, shares up

Talisman Mining Ltd (ASX:TLM) (OTCMKTS:TLSMF) is higher on news that diamond drilling will begin this month at Lucknow Gold Project in the historic Lucknow Goldfields of Central West NSW. The first diamond drill testing will target an interpreted high-grade gold lode offset position at Lucknow here historic production was in excess of 400,000 ounces at an average estimated mined grade of +100 g/t. Shares have been as much as 17% higher in early trade to 11.5 cents.

De Grey Mining higher again after defining major gold extension at Hemi discovery

De Grey Mining Limited (ASX:DEG) (OTCMKTS:DGMLF) (FRA:DGD) has continued a run of share price gains with drilling defining a major extension of Brolga zone at the Hemi gold discovery in WA’s Pilbara region. This extension of the Brolga intrusion defined by initial shallow aircore drilling is approximately 1,000 metres long by 200 metres wide and enhances the potential to expand near-surface open pit resources. Results include 16 metres at 2.4 g/t from 40 metres, 8 metres at 2.2 g/t from 52 metres and 4 metres at 5.0 g/t from 60 metres.

Musgrave Minerals rises on defining large new gold targets at Lake Austin JV with Evolution

Musgrave Minerals Ltd (ASX:MGV) is trading higher after defining new, large gold targets on the Lake Austin Joint Venture (JV) with Evolution Mining Ltd (ASX:EVN) within the Cue Project in WA’s Murchison district. Aircore drilling results have extended the Lake Austin North anomalism to more than 5.5 kilometres of strike, confirming the potential for a large mineralised gold system. Notable results include 6 metres at 4.2 g/t gold from 116 metres, including 1-metre at 18.2 g/t from 117 metres and 9 metres at 2.25 g/t from 136 metres to the end of hole.

XTEK has international commercial order for XTclave™ Plates upsized

XTEK Ltd (ASX:XTE) has had the international commercial order for its lightweight XTclave™ manufactured ballistic plates doubled and is now worth approximately A$2 million. The initial order from CPE Production Oy was placed in early May and this has now been upsized. This order is for use by the Finnish Defence Forces and follows an extensive validation and testing process for qualification purposes by the Finnish Army, which resulted in the initial order.

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